The week ahead: 20/09/21
Interest rates are in the spotlight this week, with monetary policy decisions due in Japan, the US and the UK. Highlights of the earnings schedule include Adobe, FedEx, Nike and US housebuilders Lennar and KB Home.
Monday 20 September
It’s a quiet start to the week for macroeconomic data, with German PPI one of the few notable releases. Expect earnings from US home construction firm Lennar, the first since the resignation of the president of its international division, Chris Marlin.
Tuesday 21 September
US blue-chips Adobe and FedEx both post quarterly earnings on Tuesday, the latter hoping to deliver an encouraging response to the pandemic e-commerce boom. Results are also expected from automotive parts retailer AutoZone, home improvement retail group Kingfisher, old-time restaurant Cracker Barrel and UK funeral-services provider Dignity. Keep an eye out for the CBI report on UK industrial trends and, in the US, the latest building permits and housing starts.
Wednesday 22 September
The Bank of Japan announces its latest decision on interest rates early on Wednesday, while the FOMC follows suit for the US later in the day, accompanied by US economic projections. We also expect US existing home sales for August, which increased in July for the second consecutive month. Earnings come from food producer General Mills, handheld device brand BlackBerry, US housebuilder KB Home, UK consumer goods group PZ Cussons and over-50s travel and financial services group Saga.
Thursday 23 September
Catching the eye on Thursday are results from sportswear brand Nike, IT services and consulting firm Accenture, warehouse retailer Costco, restaurant group Darden, UK oil and gas company Harbour Energy and online gaming software supplier Playtech. The highlight in the UK is the MPC’s decision on interest rates, as we see how the Bank of England proposes to address rising inflation, while we also have manufacturing and services PMI data for France, Germany, the eurozone and the US.
Friday 24 September
Early on Friday the latest national CPI for Japan is released, while later in the morning the September Ifo business climate index will give us a sense of current and projected business conditions in Germany. In the afternoon US new home sales data will complete the picture for the US housing market.
Published: 20 September 2021
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